October 26, 2020

Volume X, Number 300

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October 23, 2020

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When is Enough, Enough? Whether the development was a success or failure, when can final distributions be made and the entity dissolved? (FL)

When can you make final distributions and dissolve your developing entity?  Before you distribute and dissolve, keep in mind that your creditors and liabilities have to be accounted for. And, yes, warranty claims, as specious as they can be, need to be included as a potential liability. For some of the potential ways a creditor can claw back distributions, see Section 726.110, F.S. on fraudulent transfers (Florida). 

©2020 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume I, Number 71
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About this Author

Gary Saul, Greenberg Traurig Law Firm, Miami, Real Estate and Finance Law Attorney
Shareholder

Gary A. Saul is the Co-Chair of the Miami Real Estate Practice. He is a nationally recognized attorney who represents a broad range of clients in connection with the structuring, development, ownership and financing of real estate projects, including many high-profile, luxury and mixed-use, commercial, retail and residential condominiums and vertically subdivided projects

Concentrations

  • Real estate

  • Condominium Structuring and Offerings

  • ...

305-579-0846
Meredith Singer, Greenberg Traurig Law Firm, Miami, Real Estate and Finance Law Attorney
Shareholder

Meredith Singer has been with Greenberg Traurig since 2001. With 14 years of experience representing developers in the structuring, creation and operation of residential, commercial, mixed-use and hotel condominiums, homeowners associations, warehouse/office parks and planned developments, Meredith’s experience centers around the structuring and initial sales and marketing of condominium projects, planned communities and complex mixed-use developments. Meredith's practice also focuses on advising developers, lenders and purchasers in confronting the issues related to fractured condominiums, exist strategies and subsequent developer issues. Meredith was recently selected by Super Lawyers magazine as a Rising Star. The Florida Real Estate Practice was ranked #1 in Florida by Chambers & Partners USA: America's Leading Lawyers for Business between 2003-2007.

Concentrations

  • Real estate

  • Condominium development

  • Financing

305-579-0822
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